Articles

Articles and analyses from the INET community on the key economic questions of our time.

Article

Modern Monetary Inevitabilities

May 31, 2019

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.

Article

A Belief in Meritocracy Is Not Only False: It’s Bad for You

Apr 2, 2019

Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal.

Article

Why Economists Failed as “Experts”—and How to Make Them Matter Again

Mar 12, 2019

Economists should stop pretending to be scientists and go back to the core of the discipline—as a field of inquiry and way of thinking

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Diversity and Excellence: Not A Zero Sum Game

Mar 11, 2019

As young scholars, we have formulated a new plan for fostering diversity in both identity and scholarly thinking in economics—preconditions for academic rigor.

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Opioid Crisis Shows How Economic Inequality Kills

Feb 20, 2019

Pharmaceutical pushers like Purdue “couldn’t have done their dirty work” without America’s increasingly unbalanced economy

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Why “Green Growth” Is an Illusion

Dec 5, 2018

Wishful thinking and tinkering won’t cut it. Nothing short of a mass mobilization for deep de-carbonization across the global economy can avert the looming climate catastrophe.